Verizon joins AT&T
A previous post, “Early consequences of the Health Care Bill” noted that AT&T, Caterpillar, John Deere nad a few other large companies announced that they are taking hefty charges as a result of the new national health care plan. At the time, I didn’t have a figure for Verizon. Here it is:
April 2 (Bloomberg) — Verizon Communications Inc., the second-largest U.S. phone company, became the latest company to record a cost related to the U.S. health-care overhaul, saying it will incur a $970 million expense.